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Billionaire investor Carl Icahn has stepped down as an adviser to President Trump


Billionaire investor Carl Icahn released a statement via twitter saying that he has stepped down from his position as a special adviser to President Donald Trump on issues that relate to regulatory reform.

Icahn shared a copy of the letter he sent to Trump today confirming a conversation where the two agreed that Icahn would vacate the position. In the statement, Icahn said that he lacked any formal responsibilities, and that he did not want politicians bickering over his role with the administration.

"I never had a formal position with your administration nor a policy-making role. And contrary to the insinuations of a handful of your Democratic critics, I never had access to nonpublic information or profited from my position, nor do I believe that my role presented conflicts of interest," wrote Icahn.

Icahn also referenced the appointment of Neomi Rao as the administrator of the Office of Information and Regulatory Affairs as a reason for stepping down, saying that she was a good person for her appointed job.

"While I do not know Ms. Rao and played no part in her appointment, I am confident based on what I’ve read of her accomplishments that she is the right person for this important job," wrote Icahn.

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